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UK witnesses sharpest drop in factory orders for three months in September

1 min read | September 22, 2020 01:15 PM BST | By Team Kalkine Media
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The UK manufacturers have witnessed stagnation in order during the month of September. It is for the first time since April. The latest CBI (Confederation of British Industry) industrial trends survey showed that the monthly industrial order book balance fell to -48 in September from -44 in August, well below the long-run average of -14.

  • The surveyed manufacturers facing various headwinds at the same time including the resurgence of Coronavirus and Brexit, also expect the production to remain weak for rest the year.
  • Meanwhile, the government has tightened the Coronavirus restrictions and expects them to last for up to six-months.

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